The cost of huge flat-screen TVs has plummeted. Meanwhile, the cost of housing and healthcare is going through the roof in most of the western world. It very much does not follow that people who have the disposable income to purchase techno-toys can support their basic needs.
The cost of most things has plummeted since 50 years ago which, arguably, improves people's lives.
And, btw, I wasn't proposing some new measure of Quality of Life through the size of the living room TV but using it as an illustrative example of technology becoming more accessible to more people at lower costs. Same with the smartphone reference, having the sum total of human knowledge at your fingertips seems like a quick and easy way to improve one's lot in life.
I do wonder if people would complain if Walmart managed to decrease housing and healthcare costs using their aggressive bargaining tactics like they've done with generic prescription drugs?
cost of housing proportional to wages, cost of healthcare proportional to wages, access to education and the quality of that education, overall life expectancy, likelyhood of incarceration, etc.
